<SUBMISSION>
<ACCESSION-NUMBER>0001144204-07-042925
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20070814
<FILING-DATE>20070814
<DATE-OF-FILING-DATE-CHANGE>20070814
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>POINT 360
<CIK>0001014733
<ASSIGNED-SIC>7819
<IRS-NUMBER>954272619
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>2777 NORTH ONTARIO STREET
<CITY>BURBANK
<STATE>CA
<ZIP>91504
<PHONE>818-565-1440
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2777 NORTH ONTARIO STREET
<CITY>BURBANK
<STATE>CA
<ZIP>91504
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VDI MULTIMEDIA
<DATE-CHANGED>19991115
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VDI MEDIA
<DATE-CHANGED>19960516
</FORMER-COMPANY>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>STEEL ALAN R
<CIK>0001187617
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-21917
<FILM-NUMBER>071052144
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>7083 HOLLYWOOD BLVD.
<CITY>HOLLYWOOD
<STATE>CA
<ZIP>90028
<PHONE>8185651440
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2777 NORTH ONTARIO ST.
<CITY>BURBANK
<STATE>CA
<ZIP>91504
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v083796_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-08-14</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001014733</issuerCik>
        <issuerName>POINT 360</issuerName>
        <issuerTradingSymbol>PTSX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001187617</rptOwnerCik>
            <rptOwnerName>STEEL ALAN R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2777 NORTH ONTARIO ST.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BURBANK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>91504</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-08-14</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>52300</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Reflects exchange of shares for shares of DG FastChannel, Inc. pursuant to merger agreement.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Alan R. Steel</signatureName>
        <signatureDate>2007-08-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
